It’s been a crucial week for Abraxas Petroleum Corporation (NASDAQ:AXAS); here’s what analysts have to say.

Investors sentiment increased to 0.95 in Q2 2019. Its up 0.10, from 0.85 in 2019Q1. It improved, as 14 investors sold Abraxas Petroleum Corporation shares while 29 reduced holdings. 11 funds opened positions while 30 raised stakes. 81.14 million shares or 1.93% less from 82.74 million shares in 2019Q1 were reported.
State Street holds 0% or 2.72 million shares. New York-based Jane Street Gru Limited Liability Company has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Invesco Ltd holds 0% or 185,128 shares in its portfolio. The United Kingdom-based Barclays Public Limited Liability has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Fincl Bank Of New York Mellon Corp holds 657,650 shares or 0% of its portfolio. Huntington Financial Bank holds 0% or 1,000 shares in its portfolio. Moreover, First Dallas Securities has 0.01% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS) for 12,493 shares. Moreover, Legal General Gp Public Limited Company has 0% invested in Abraxas Petroleum Corporation (NASDAQ:AXAS). Prudential Financial Inc reported 25,784 shares. Proshare Advsrs Ltd Liability Co has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). Goldman Sachs Group Incorporated invested in 160,831 shares or 0% of the stock. Brandywine Global Mngmt Limited Company holds 0.02% in Abraxas Petroleum Corporation (NASDAQ:AXAS) or 2.33 million shares. Wellington Mgmt Gp Llp reported 825,810 shares or 0% of all its holdings. Bnp Paribas Arbitrage has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS). King Luther Cap Mgmt has invested 0% in Abraxas Petroleum Corporation (NASDAQ:AXAS).

Abraxas Petroleum Corporation (NASDAQ:AXAS) Ratings Coverage

Among 2 analysts covering Abraxas Petroleum (NASDAQ:AXAS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Abraxas Petroleum has $2.5000 highest and $100 lowest target. $1.75’s average target is 369.17% above currents $0.373 stock price. Abraxas Petroleum had 3 analyst reports since August 14, 2019 according to SRatingsIntel. Ladenburg Thalmann downgraded it to “Neutral” rating and $100 target in Monday, August 26 report. Canaccord Genuity downgraded the shares of AXAS in report on Wednesday, August 14 to “Speculative Buy” rating. Below is a list of Abraxas Petroleum Corporation (NASDAQ:AXAS) latest ratings and price target changes.

10/10/2019 Broker: Seaport Global Old Rating: Buy New Rating: Neutral Downgrade
26/08/2019 Broker: Ladenburg Thalmann Old Rating: Buy New Rating: Neutral Old Target: $2.0000 New Target: $1.0000 Downgrade
14/08/2019 Broker: Canaccord Genuity Old Rating: Buy New Rating: Speculative Buy New Target: $2.5000 Downgrade

The stock increased 1.22% or $0.0045 during the last trading session, reaching $0.373. About 977,440 shares traded. Abraxas Petroleum Corporation (NASDAQ:AXAS) has declined 66.65% since October 12, 2018 and is downtrending. It has underperformed by 66.65% the S&P500.

Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of gas and oil properties in the United States. The company has market cap of $62.83 million. The firm operates gas and oil assets in the Permian/Delaware Basin, the Rocky Mountain, and South Texas regions. It has a 1.43 P/E ratio. As of December 31, 2016, its estimated net proved reserves were 44.7 million barrels of oil equivalent.

More notable recent Abraxas Petroleum Corporation (NASDAQ:AXAS) news were published by: Benzinga.com which released: “23 Energy Stocks Moving In Friday’s Pre-Market Session – Benzinga” on October 11, 2019, also Finance.Yahoo.com with their article: “Easy Come, Easy Go: How Abraxas Petroleum (NASDAQ:AXAS) Shareholders Got Unlucky And Saw 76% Of Their Cash Evaporate – Yahoo Finance” published on May 05, 2019, Seekingalpha.com published: “Abraxas Petroleum Corporation (AXAS) CEO Bob Watson on Q2 2019 Results – Earnings Call Transcript – Seeking Alpha” on August 08, 2019. More interesting news about Abraxas Petroleum Corporation (NASDAQ:AXAS) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For October 10, 2019 – Benzinga” published on October 10, 2019 as well as Finance.Yahoo.com‘s news article titled: “Abraxas Petroleum Corporation (NASDAQ:AXAS): What Does Its Beta Value Mean For Your Portfolio? – Yahoo Finance” with publication date: September 25, 2019.

Abraxas Petroleum Corporation (NASDAQ:AXAS) Institutional Positions Chart

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